Code of Alabama - Title 27: Insurance - Chapter 2A - Disclosure of Material Transactions

• Section 27-2A-1 Short title
  This chapter shall be known as the Alabama Disclosure of Material Transactions Act.
• Section 27-2A-2 Report of material acquisitions and dispositions; confidential treatment
  (a) Every insurer domiciled in this state shall file a report with the commissioner disclosing material acquisitions and dispositions of assets or material nonrenewals, cancellations,...
• Section 27-2A-3 Materiality; scope; information to be reported
  (a) Materiality. No acquisitions or dispositions of assets need be reported, pursuant to Section 27-2A-2, if the acquisitions or dispositions are not material. For purposes...
• Section 27-2A-4 Nonrenewals, cancellations, or revisions of ceded reinsurance agreements
  (a) Materiality and scope. (1) No nonrenewals, cancellations, or revisions of ceded reinsurance agreements need be reported pursuant to Section 27-2A-2 if the nonrenewals, cancellations,...

Last modified: May 3, 2021